Orlando, FL -- (SBWIRE) -- 08/22/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Arch Coal Inc (NYSE:ACI), Hecla Mining Company(NYSE:HL).
Arch Coal Inc (NYSE:ACI) shares dropped 2.90% to $4.35. The company on August 19 announced that it has completed the sale of its subsidiary, Canyon Fuel Company, LLC ("Canyon Fuel") to Bowie Resources, LLC for $423 million in cash, which is inclusive of working capital adjustments. The sale includes the Sufco and Skyline longwall mines, the Dugout Canyon continuous miner operation and approximately 105 million tons of bituminous coal reserves, all located in Utah.
Additionally, the company on August 12 announced that Thunder Basin Coal Company's Coal Creek mine employees surpassed 1 million continuous work-hours without a single reportable safety incident on August 7. The national coal industry average is 3.52 incidents per 200,000 employee-hours compared to Coal Creek's total incident rate of zero.
Moreover, the company on July 30 reported a net loss of $72.2 million, or $0.34 per diluted share, in the second quarter of 2013. Arch's second quarter 2013 adjusted net loss was $60.5 million, or $0.29 per diluted share. In the second quarter of 2012, Arch reported an adjusted net loss of $22.1 million, or $0.10 per diluted share. The company reported second quarter 2013 revenues of $766 million.
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Hecla Mining Company(NYSE:HL) shares declined 3.22% to $3.61. The company will begin trading ex-dividend on August 22, 2013. A cash dividend payment of $0.0025 per share is scheduled to be paid on September 03, 2013. Shareholders who purchased HL stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the on August 8 announced a second quarter net loss applicable to common shareholders of $25.0 million, or $0.08 per basic share, and a loss after adjustments applicable to common shareholders of $10.2 million, or $0.03 per basic share.
Moreover, the company on August 9 said it has started to hedge its precious metal shipments after a drastic fall in spot prices pushed the company to report a surprise loss. The company said it sold 40 percent of its silver production of 2.2 million ounces only in June and at prices much below the average price for the quarter.
Is HL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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